President Pranab Mukhjeree, PM Modi roll out historic GST reform
Jul 01, 2017, at 05:45 am
New Delhi, June 30 (IBNS): Stating that India is all set to embark on a new journey, President Pranab Mukherjee and Prime Minister Narendra Modi on Friday midnight rolled out the historic Goods and Services Tax (GST) regime in the Parliament.
Introduction of GST is a momentous event for the nation: President Pranab Mukherjee
Jul 01, 2017, at 05:38 am
New Delhi, June 30 (IBNS): Indian President Pranab Mukherjee on Friday said the introduction of the GST is a 'momentous event' for the nation.
GST to give a fillip to country’s economy: Assam CM
Jul 01, 2017, at 03:25 am
Guwahati, June 30 (IBNS) : Assam Chief Minister Sarbananda Sonowal said the Goods and Services Tax being rolled out at 12.01 am tonight would bring about a paradigm shift in the entire indirect tax system by replacing most of the indirect taxes of Centre and States with a single point single tax which would benefit the consumers of the country as well as Assam.
Investments worth $291 bn needed to plug water demand-supply gap in India: Study
Jul 01, 2017, at 03:16 am
New Delhi, June 30 (IBNS): The widening gap between demand for water and its supply is estimated to reach as high as about 50 per cent by 2030 and plugging this huge gap would need an additional investment of about $291 billion (bn), noted a just-concluded ASSOCHAM-PwC joint study.
Pave way for domestic participation on corporate bond market: ASSOCHAM study to SEBI, RBI
Jul 01, 2017, at 03:15 am
New Delhi, June 30 (IBNS): Market regulator Securities and Exchange Board of India (SEBI) should pave way for more domestic participation in the Indian debt market which may witness less of foreign investors' interest, following hike in rates by the US Federal Reserve, according to an ASSOCHAM Study on Bond Market.
GST on fertilizer reduced from 12pct to 5 pct, says govt
Jul 01, 2017, at 02:59 am
New Delhi, June 30 (IBNS): In a major decision, the government on Friday decided to reduce fertilizers from 12% to 5% & on exclusive parts of tractors from 28% to 18%.
Yes Bank launches ‘YES GST’ program to assist MSMEs become GST-Ready
Jul 01, 2017, at 02:12 am
Mumbai, June 30 (IBNS): Yes Bank along with YES Global Institute has launched ‘YES GST’ program for MSMEs under its MSME CSR initiative, ‘Say YES to Sustainable MSMEs in India’.
GST rollout heralds dawn of cooperative federalism: Dr Jitendra Singh
Jul 01, 2017, at 02:03 am
New Delhi, June 30 (IBNS): Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said that GST midnight rollout heralds the dawn of cooperative federalism, at an interactive programme of Healthcare Leaders’ here on Friday.
Dena Bank reduces Marginal Cost Based Lending Rate
Jul 01, 2017, at 01:24 am
Mumbai, June 30 (IBNS): Dena Bank, India’s trusted family bank has reduced Marginal Cost Based Lending Rate (MCLR) by 5 basis points for 3months, 6 months & 1 year tenors from July 1.
GST is a transformational structural reform which will have multiple benefits: Kochhar
Jul 01, 2017, at 12:51 am
New Delhi, June 30 (IBNS): Chanda Kochhar, MD and CEO, ICICI Bank on Friday said implementation of GST will have multiple benefits.
Jul 01, 2017, at 12:44 am
Mumbai, Jun 30 (IBNS): While the nation eagerly waits for the unrolling of the GST at the stroke of midnight on Friday, the Indian market ended higher, with the BSE Sensex up 64.09 points at 30921.61 and the NSE Nifty up 16.80 points at 9520.90.
ICICI Bank authorised to collect GST
Jul 01, 2017, at 12:28 am
Mumbai, June 30 (IBNS): ICICI Bank, India’s largest private sector bank by consolidated assets, today announced that it has been authorised by the Ministry of Finance to collect Goods and Service Tax (GST).
GST will create a single national market says KPMG Chairman Arun Kumar
Jun 30, 2017, at 10:25 pm
Kolkata, Jun 30 (IBNS): GST is a historic tax reform, which will create a single national market by replacing multiple indirect taxes levied at different levels, said Arun Kumar – Chairman and CEO at KPMG in India, on Friday.
GST roll out: Looking back at how it all happened
Jun 30, 2017, at 10:06 pm
New Delhi, Jun 30 (IBNS): The Union Finance Ministry on Friday called the GST roll out a complete transformation of the Indiret Tax landscape and gave details of how it happened.
Jun 30, 2017, at 04:46 am
Mumbai, June 29 (IBNS): Yes Bank has been adjudged as the 'Best Trade Finance Bank in India' at The Asian Banker Transaction Banking Awards 2017.
Jio launches new submarine cable system
Jun 30, 2017, at 04:03 am
Mumbai, June 29 (IBNS): Reliance Jio Infocomm Ltd. (Jio) has announced the launch of the Asia-Africa-Europe (AAE-1) submarine cable system.
Job loss stares at 1700 as 43 Delhi outlets of McDonald's shut down
Jun 30, 2017, at 03:05 am
New Delhi, June 29 (IBNS): Largescale job loss stares at 1700 odd people in the national capital with the report of 43 outlets of McDonald's in Delhi shutting down owing to a feud between Connaught Plaza Restaurants Pvt. Ltd (CPRL) and the global burger and fast food restaurant chain, said media reports.
Payback partners with Archies to expand its reach in gifting space
Jun 30, 2017, at 02:19 am
New Delhi, June 28 (IBNS): Payback, a multi-brand loyalty program, announced its partnership with Archies, the all-time popular gifting brand in the country to expand its offerings into gifting category.
Whirlpool ropes in chef Kunal Kapur for endorsing its built-in appliances
Jun 30, 2017, at 01:10 am
Kolkata, June 29 (IBNS): Whirlpool of India, a subsidiary of Whirlpool Corporation and home appliance company, has signed on Chef Patron Kunal Kapur for endorsing their built-in appliances.
Tata Steel flags-off ‘Doors of India’ campaign in West Bengal
Jun 30, 2017, at 01:00 am
Kolkata, June 29 (IBNS): Tata Steel on Thursday flagged off the `Doors of India’ Campaign in West Bengal, under the brand `Pravesh’.
Dun & Bradstreet India MSME survey: GST a game-changer; implementation a challenge
Jun 29, 2017, at 11:36 pm
Kolkata, Jun 29 (IBNS): Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insights, in association with SAP, on Thursday, concluded a pan-India survey on GST readiness among MSMEs.
Coca-Cola announces the reduction of price for Packaged Drinking Water
Jun 29, 2017, at 11:10 pm
Kolkata, June 29 (IBNS): As India gets ready to implement the Goods and Services tax (GST), Coca-Cola India, on Tuesday, announced its pricing strategy, which will provide better value for money and a range of choices to its consumers, according to the company.
Indian benchmark indices close positive on Thursday
Jun 29, 2017, at 10:25 pm
Mumbai, Jun 29 (IBNS): The Indian market managed to claw back into positive territory on Thursday, a day before scheduled roll out of the Goods and Services Tax (GST).
Introduction of GST will have a positive impact on the real estate industries: Laxman Jaiswal
Jun 29, 2017, at 09:11 pm
Kolkata, June 29 (IBNS): Laxman Jaiswal from Ascon Infrastructure (India) Limited said the introduction of GST will have a positive impact on the real estate industries.
Cabinet approves recommendations of 7th CPC on allowances
Jun 29, 2017, at 03:57 am
New Delhi, June 28 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi approved the recommendations of the 7th CPC on allowances with some modifications.
Centre working to expand capacity of NALCO to make it major aluminium producer globally
Jun 29, 2017, at 01:22 am
New Delhi, June 28 (IBNS): It has come to the notice of the Government of India regarding a news item appearing in some section of the Press that Government of India is trying to privatise the National Aluminium Company Limited (NALCO) through buyback and offer for sale (OFS).
SBI Mutual Fund completes 30 yrs of operation, to organize blood donation drive across 30 cities
Jun 29, 2017, at 12:58 am
Mumbai, June 28 (IBNS): SBI Mutual Fund, an asset management company, will complete 30 years of operations on Thursday.
SAIL readies for new tax regime under GST
Jun 29, 2017, at 12:42 am
New Delhi, June 28 (IBNS): Steel Authority of India Ltd. (SAIL) on Wednesday said it is readying itself for a smooth transition into the new tax regime, which will come into effect with the introduction of GST from July 1.
US commitment on improving IT market access big positive for India, says ASSOCHAM
Jun 28, 2017, at 11:25 pm
New Delhi, June 28 (IBNS): ASSOCHAMon Wednesday welcomed the India-US joint statement following the meeting of Prime Minister Narendra Modi with President Donald Trump, stating the mutual commitment to increasing market access in Information Technology and other sectors is a big positive for the USD 150 billion Indian software and services industry.
Rentals easing in IT hubs on subdued sentiment: ASSOCHAM study
Jun 28, 2017, at 11:18 pm
New Delhi, June 28 (IBNS): With IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country's software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see 10-20 per cent reduction in the housing rents over the next three quarters, according to an ASSOCHAM paper.